LVMH Says Lauded Celine Designer Phoebe Philo to Depart in 2018By
Philo won’t work for another label in ‘near future’: WWD
Analysts have speculated she might rejoin Gobbetti at Burberry
Phoebe Philo, the widely praised creative director of LVMH’s Celine label, is leaving her position in January, the company said.
LVMH didn’t announce a successor in its emailed statement Friday. Philo’s departure was well-telegraphed, with the trade publication Business of Fashion reporting in October that the luxury conglomerate was interviewing potential replacements. Still, the move is significant for Celine, which was revitalized in the past decade by Philo’s modern, understated designs.
Women’s Wear Daily, which reported the intended change slightly before LVMH released its announcement, said Philo wouldn’t work for another label in the near future, citing an unidentified person. Analysts have speculated that Philo might eventually join former Celine Chief Executive Officer Marco Gobbetti at Burberry Group Plc, where he is now CEO and where longtime creative chief Christopher Bailey is on his way out.
LVMH doesn’t break out sales of individual brands, but HSBC estimates the label had revenue of 695 million euros ($822 million) in 2016. “What Phoebe has accomplished over the past 10 years represents a key chapter in the history of Celine,” LVMH Chairman and CEO Bernard Arnault said in the statement.
Philo, who turns 45 on New Year’s Day, called her time at Celine “an exceptional experience.” The fall 2018 collection, to be presented in January, will be the last overseen by her.